After the long holiday, the most eye-catching sector upon reopening wasn't crude oil, but rather fuel oil, which surged 18%, and a row of chemical products hitting their daily limit. Both originating from refineries, why did fuel oil outperform crude

2026-10-09

After the long holiday, the most eye-catching sector upon reopening wasn't crude oil, but rather fuel oil, which surged 18%, and a row of chemical products hitting their daily limit. Both originating from refineries, why did fuel oil outperform crude oil by two times? With crude oil and refined oil products decoupled, what will be next to be affected?